Evoke (LON:EVOK) Shares Down 14.8% – Here’s Why

Evoke plc (LON:EVOK)’s share price dropped 14.8% during trading on Wednesday . The company traded as low as GBX 59 ($0.76) and last traded at GBX 60.85 ($0.79). Approximately 2,599,548 shares changed hands during trading, an increase of 33% from the average daily volume of 1,954,943 shares. The stock had previously closed at GBX 71.40 ($0.92).

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and set a GBX 140 ($1.81) price target on shares of Evoke in a research note on Monday, December 16th. Berenberg Bank reduced their target price on shares of Evoke from GBX 130 ($1.68) to GBX 90 ($1.17) and set a “buy” rating on the stock in a report on Wednesday, December 4th.

Evoke Stock Performance

The company has a market capitalization of £226.79 million, a PE ratio of -1.27 and a beta of 0.84. The company’s 50-day simple moving average is GBX 69.32 and its 200-day simple moving average is GBX 63.58.

Evoke (LON:EVOK) last issued its quarterly earnings results on Wednesday, March 26th. The company reported GBX (6.40) (($0.08)) earnings per share (EPS) for the quarter. Evoke had a negative net margin of 8.50% and a negative return on equity of 517.98%. Analysts expect that Evoke plc will post 12.7648305 EPS for the current year.

Insider Transactions at Evoke

In other Evoke news, insider Andrea Gisle Joosen acquired 14,572 shares of the stock in a transaction on Tuesday, January 28th. The shares were bought at an average price of GBX 70 ($0.91) per share, with a total value of £10,200.40 ($13,206.11). Company insiders own 27.00% of the company’s stock.

About Evoke